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    Property profile & analytics

    45 Merchants Dr Walpole, MA 02081-1799

    • Warehouses
    • 9,960 SF
    • 2.27 lot acres
    OFF-MARKET
    Value Estimation
    $2,610,000
    Last Sale
    Dec 16, 2022
    $2,500,000
    Location Intelligence
    Property ID
    US38-0488997
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Royer Tree Service Inc-Walpole / Tree Service

    Property Details for 45 Merchants Dr

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.27 lot acres
    Property size
    9,960 SF
    Property type
    Warehouses
    APN
    WALP M:00032 B:00077 L:00000
    APU
    WALPM00032B00077L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,725,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,495,000
      6.5%
      $2,765,000
      7%
      $2,700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,065,000
      Geo Method
      $2,355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,595,000
      Retail
      $2,175,000
      Mixed-Use
      $2,705,000
      Hospitality
      $2,570,000
      Educational
      $2,695,000
      Residential Income
      $2,620,000
      Energy
      $2,395,000
      Income-Based Land
      $2,280,000
      Food Service
      $2,050,000

    Location Insight

    • Map
    • Local Demand
    City
    Walpole
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2716
    Latitude
    42.1365
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,054
    $420,100
    $420,900
    $841,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $985,000
      30,000 SF

      24 Industrial Rd

      WAREHOUSE, STORAGE • 30,000 SF
      24 Industrial Rd, Walpole, MA 02081-1305
      View Details
    • Value Estimation
      $595,000
      10,000 SF

      10 Merchants Dr

      WAREHOUSE, STORAGE • 10,000 SF
      10 Merchants Dr, Walpole, MA 02081-1799
      View Details
    • Value Estimation
      $415,000
      7,800 SF

      23 Renmar Ave

      WAREHOUSE, STORAGE • 7,800 SF
      23 Renmar Ave, Walpole, MA 02081-1515
      View Details
    • Value Estimation by Request
      38,255 SF

      21 Industrial Rd

      WAREHOUSE, STORAGE • 38,255 SF
      21 Industrial Rd, Walpole, MA 02081-1304
      View Details
    • Value Estimation
      $355,000
      7,500 SF

      3 Renmar Ave

      WAREHOUSE, STORAGE • 7,500 SF
      3 Renmar Ave, Walpole, MA 02081-1527
      View Details
    • Value Estimation
      $1,040,000
      67,727 SF

      160 Elm St

      WAREHOUSE, STORAGE • 67,727 SF
      160 Elm St, Walpole, MA 02081-1943
      View Details

    Similar Nearby for Sale

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      2,741 SF industrial property available for sale.
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    • Contact for pricing
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      4.00 Acres

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      Prime Walpole Commercial Land, High Visibility
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    • $150,000

      Established Auto Mechanic Shop Business

      Operating auto mechanic shop business for sale in Walpole.
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      Commercial space for sale or lease with high traffic exposure.
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    Similar Nearby for Lease

    • $2,964 /Mo
      9,000 SF

      Commercial Shop Space Available

      Commercial shop space in Walpole, MA. Up to 9000 SF.
      276 South St, Walpole, MA 02081
      View Details
    • $13,600 /Mo
      8,000 SF

      Walpole Warehouse Units For Rent

      8,000 sqft warehouse with 4 units available July 1, 2025.
      120 Street Cir S, Walpole, MA 02081
      View Details
    • $14 SF/Yr
      15,311 SF

      Walpole Warehouse Space Available

      15,311 square foot warehouse space for lease in Walpole.
      76 Production Rd, Walpole, MA 02081
      View Details
    • Contact for pricing
      1 SF

      Norfolk County Warehouse - 10 Acres

      Industrial Warehouse, Single Tenant, 10 Acres
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      View Details
    • Contact for pricing
      4,896 SF

      Versatile Flex Space Available

      Adaptable flex space suitable for office, warehouse, medical, fitness.
      545 Street Cir S, Walpole, MA 02081
      View Details
    • $3,100 /Mo
      4,000 SF

      Industrial Space Available For Rent

      4,000 sq ft industrial property in Walpole, MA available.
      231 Norfolk St, Walpole, MA 02081
      View Details
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    Walpole, MA 02081-1799
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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